weiwentg

Is One Automaker Default Almost a Sure Thing?

To be honest, I would prefer that one of the Big 3 goes bankrupt. Doesn't matter which one (although I see the credit default swap market is predicting that it'll be GM by a small margin).

The auto companies have long stalled better fuel economy standards. The US deserves better. Having one of them die will hopefully reduce their political clout.

I did my masters (of public health) in Michigan, and I know it would be devastating to the state's economy. But there are bigger things to worry about.

Emerging markets like China are definitely a huge growth market, and if GM or Ford can turn their US operations around or at least keep them solvent for a few years, then I think they would make it, for better or worse.

Either way, I hope the US government doesn't throw away any more than $4b on the automakers.